Wrentham Co-Operative Bank Mortgage Lending & HMDA Data, 2004
In 2004, Wrentham Co-Operative Bank of Wrentham, MA reported 41 mortgage applications totaling $7.3 million, down 71% from 2003. The average application was for $177,341, and applicants reported an average income of $135,560. 90% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Boston-Quincy, MA (30), Barnstable Town, MA (3) and Cambridge-Newton-Framingham, MA (1) (applications in parentheses).
| Mortgage Company & Address | Wrentham Co-Operative Bank 102 South Street Wrentham, MA 02093 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 41 |
| Total Mortgage Loan Application Amount | $7,271,000 |
| Average Mortgage Loan Application Amount | $177,341 |
| Highest Mortgage Loan Application Amount | $820,000 |
| Average Applicant Income | $135,560 |
| Highest Applicant Income | $558,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wrentham Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Norfolk, Massachusetts | 30 | $ 4,784,000 | $ 159,466 | $ 84,000 |
| Bristol, Massachusetts | 5 | $ 742,000 | $ 148,400 | $ 92,000 |
| Barnstable, Massachusetts | 3 | $ 600,000 | $ 200,000 | $ 160,000 |
| Middlesex, Massachusetts | 1 | $ 820,000 | $ 820,000 | $ 558,000 |
Mortgage Loan Application Detail Totals for Wrentham Co-Operative Bank in 2004
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 18 | $3,786,000 | $210,000 | $820,000 | $196,000 | $558,000 |
| Home Improvement | 13 | $1,235,000 | $95,000 | $415,000 | $86,000 | $119,000 |
| Home Purchase | 10 | $2,250,000 | $201,000 | $370,000 | $78,000 | $118,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 38 | $6,191,000 | $162,000 | $455,000 | $75,000 | $187,000 |
| Not Provided | 3 | $1,080,000 | $360,000 | $820,000 | $291,000 | $558,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 41 | $7,271,000 | $170,000 | $820,000 | $98,000 | $558,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 37 | $6,871,000 | $185,000 | $820,000 | $154,000 | $558,000 |
| Preapproval Approved but not Accepted | 2 | $325,000 | $162,000 | $180,000 | $56,000 | $66,000 |
| Application Approved But Not Accepted | 1 | $50,000 | $50,000 | $50,000 | $70,000 | $70,000 |
| Application Denied By Financial Institution | 1 | $25,000 | $25,000 | $25,000 | $59,000 | $59,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 1 | $25,000 | $25,000 | $25,000 | $59,000 | $59,000 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Wrentham Co-Operative Bank's 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Wrentham Co-Operative Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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